The Boeing Company acquired Argon ST, Inc. for $34.50 per share, or approximately $775 million net of cash acquired (all cash), a transaction announced in June 2010, structured as All-cash tender offer followed by a merger.
Argon ST, Inc. operates in Defense, Space & Security, is based in Fairfax, Virginia. Boeing agreed to acquire Argon ST, a developer of command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) and combat systems, in an all-cash tender offer and merger valued at about $775 million. Founded in 1997 and headquartered in Fairfax, Virginia, Argon ST specialized in sensors, communications technologies and information management, and the deal advanced Boeing's growth strategy in the C4ISR, cyber and intelligence markets. Boeing had partnered with Argon ST for roughly two years before the acquisition.
Boeing positioned the deal as accelerating its capabilities in sensors, communications technologies and information management, and expanding into C4ISR, cyber and intelligence markets.
Deep C4ISR, sensor and signals-intelligence expertise that complemented Boeing's platform solutions. Boeing cited robust synergy opportunities from pairing its platforms with Argon ST's sensor and information-management expertise. Folded into Boeing Defense, Space & Security.
Combining the strength of Boeing with the experience of Argon ST will significantly accelerate our capabilities in sensors, communications technologies and information management.Dennis Muilenburg, President and CEO, Boeing Defense, Space & Security
Advisory firms were not disclosed for this transaction.